Bitcoin Forum

NEW CHANGES STARTING WEDNESDAY 18 JULY 00:00:00 :

I have done everything I can to keep the extra incentives rolling month after month however my personal dealings with BTC sales have dropped down to near zero and the markups I can get from my regular clients have decreased alot since the BTC price increase which in turn is causing me to run Bonuspool with the current payout at a loss for over a month now. I wasnt concerned about this since I had a decent buffer and figured I would let it ride and see if there is a change in market conditions but unfortunately not much changed except me starting to payout continously from my own funds.

From July 18 I will start to take the first steps towards the future of Bonuspool which would atleast ensure its survival at better rates than any other PPS pool. The following changes will be handled manually until the end of August when the new website will be up and fully functional and so the pool will move out of Beta and ready for direct public signups. 

All users who remain between now and public Signup(1 September) will be given extra perks such as access to an additional Jackpot Fund where only they will get extra rewards from as a way for me to say thanks for their ongoing support through the changes.

I will not be flagging users for hashrate variances any more with the new changes even though I would obviously appreciate it if users would remain as dedicated as they have been over the last 6 months. There is one caveat, users will still need to inform me if they wish to increase their hashrate so that I can make the neccesary poolwide adjustments in case any is needed at the time so when you signup please provide me with an accurate maximum hashrate.

From the Wednesday July 18 payment cycle onwards there will be 2 types of accounts on the pool. Feel free to PM/email me if the below details doesnt explain the setup well enough for you, I am sure some users will find it confusing at first so please contact me with whatever questions you may have.

Regular Miners:

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This would be ideal for users who doesnt want funds held up for a week at a time however they will get penalised with a fee if they request withdrawals before payment date, even with the fee this offer is the best PPS with allmost-immediate payout option available and even more value is added with the Weekly Jackpot draw which can earn most miners 2x their regular weekly earnings if they are the lucky winner.

Earnings:

101% PPS rate (extra 1% effectively means we pay for stales since the avg user had <1% stales over the last month)
Payment cycle Wednesday 00:00:00 UCT+2 - Tuesday 23:59:59 UCT+2

Requesting withdrawal before end of Payment cycle(Full balance only):

Next day withdrawal (1% fee) : 
Request funds between 00:00:01 UCT+2 - 14:59:59 UCT+2 and I will process the withdrawal before the next day 23:59:59 UCT+2 , if I am unable/unavailable and the payment isnt made in time then I will process it at 0% fee.

* Withdrawal will be processed for the full balance in your account at the time you send the request, if more BTC were mined after requesting withdrawal that will remain in your account.

Send email from your signup email with the following details:

Subject: Withdrawal [Full balance]
Content: pool miner name


Investment Miners:

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This is meant for users who doesnt need access to their funds regulary and would prefer to let balance grow with interest over a maximum of 4 payment cycles which would yield an extra 11% interest on their investment.

For those of you with a payment due on 18 July, I will use their current balance as the first investment balance payable on 25 July . This first investment will earn users much more than the following investments considering the balance came from 110% PPS.

Investment Earnings:

I used to sell newly minted blocks at a premium and right now I would be looking for the same liquidity but for use in the market on various projects I am working on. I still sell some small volume of new blocks but the request for such a service have died down tremendously with the rise of BTC price.

* Everyone with a balance due for payment on Wednesday July 18 will have their account marked to invest automaticly, please email me from your signup email to the email you received your pool details from before Wednesday if you dont wish to invest and I will pay your balance at normal payment time.

Rates:

All investments may only stack for 4 payment schedules, interest is calculated seperately on investment balance per payment cycle. Non compounded investment.

Payment cycle periods and interest :

For Cycle 1 - 2%
For Cycle 2 - 2.5%
For Cycle 3 - 3%
For Cycle 4 - 3.5%

Example: User invest their current payment due for 18 July for 4 weeks, user balance on initial investment is 50BTC, user earns the following:

Payment cycle 1 : 1 BTC interest on 50BTC
Payment cycle 2 : 1.25BTC interest on 50BTC
payment cycle 3 : 1.5BTC interest on 50BTC
Payment cycle 4 : 1.75BTC interest on 50BTC

Total interest over 4 payment cycles: 5.5BTC or 11% non-compounded interest over 4 payment cycles (roughly a month)

Each payment cycle earnings after the initial investment started will count as a seperate investment period, each investment period can only last 4 payment cycles before it is paid out in full.

* Rates may be adjusted periodicly but each investment will be honoured at the initiated investment rate. All investments are treated on a per payment cycle period thus if I need to adjust rates the user would know before the new payment cycle begin to determine if they want to extend their investment period.
* Investments will automaticly roll over up to 4 payment cycles unless Investor informs me that they want to withdraw at end of current payment cycle.
* I reserve the right to force payout of part or all the investment balance of user end of any payment cycle, the last thing I want to deal with is over-investments. I will do my best to inform the user of the forced payout that will occur.

Requesting withdrawal before end of Payment cycle(Full balance only):

Next day withdrawal for current running balance (1% fee) : 
Request funds between 00:00:01 UCT+2 - 14:59:59 UCT+2 and I will process the withdrawal before the next day 23:59:59 UCT+2 , if I am unable/unavailable and the payment isnt made in time then I will process it at 0% fee.

Next day withdrawal for current investment balance (2% fee) : 
Request funds between 00:00:01 UCT+2 - 14:59:59 UCT+2 and I will process the withdrawal before the next day 23:59:59 UCT+2 (Interest will be calculated at interest percentage / days invested) , , if I am unable/unavailable and the payment isnt made in time then I will process it at 0% fee.

Subject: Withdrawal [Full balance or Investment Balance] <--- please only indicate one of the 2 per email.
Content: pool miner name


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Weekly Jackpot Fund:

Jackpot runs from Wednesday 00:00:00 UCT+2 - Tuesday 23:59:59 UCT+2, paid before the end of Wednesday 23:59:59 UCT+2 
Winner takes all
Will use random.org to select the winner
Prizepool: I will seed the pool each week with a starting balance of 5BTC and the prizepool will increase with total_pool_shares_for_current_cycle * 0.05 * 100% PPS rate as of payment cycle starting date. 

* All email requests stated above will be handled via the new website at the end of August, the current approach is temporary and there is finally actively development now on the new website.


What does it all mean ? Well, on average miners will not earn as much as they used to over the last 6 months however they will still earn more than other PPS pools and with the added BonusPool Jackpot weekly payout everyone stands an equal chance to win the accumulated weekly jackpot.

I am quite impressed that I had the chance to keep the rates between 110-115% PPS for 6months, initially I never expected the pool to grow this big over such a small period of time and I am thankful to all the dedicated miners support so far.

I really wanted to make the changes only at the end of August but unfortunately that wouldnt be possible and its also silly to shut the pool down until the new website is ready at the end of August.

Everyone mining atm or with a payment due for July 18 will be placed on Investment Miner by default so please email me if you have no need for investing your balance and I will promptly payout the balance due before Wednesday 23:59:59 UCT+2


Some users may not be reading this thread before the changes and so I will honour the payout that is due on Wednesday 18 July as soon as they email me even after the new payment cycle begins. Users will however just receive their normal payment that is due and no additional interest since they would be willing withdrawing from investing.

Im locking this thread until Sunday so that people wont comment and move the details out of sight for other users who dont keep up with this thread every single day. 

If you wish to discuss anything with me please PM or email me, Please note that from now on I will only handle payment/withdrawal requests at the email you received your signup details from so please make sure to direct those queries there and make sure you email me from your own signup email.

re-Invest percentage UPDATE :

For simplicity for myself and users with a running investment I have changed it to 2.6% weekly compounded rather than the specific per week interest rates.

I have no maximum duration for investment right now unlike what I initially had in place.

Those of you nearly finish with 4 weeks will still see same gains of ~11% and if you leave it for longer you would obviously see bigger gains than the initial fixed weekly rates.

If you want to know how much your initial investment is worth, look at the end date of each unpaid as your investment starting date and then simply add 2.6% on that initial balance compounded each week, this is something that would be made easier to monitor with new website.

I am not forcing out any automatic investment payouts at any period unless users request a withdrawal as some have done, this makes it much easier for me to manage and also easier for those of you who wants to decide on your own for how long funds should be invested without being forced out.